CIM

Insider Buying Week 12-13-24 When does the Hammer Come Down?

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I’d like to say I saw something last week that was sexy and showed a lot of potential.   Maybe I’m missing it and its staring right at you but you have to rely on more than insider buying to validate your purchase. I said that to myself and despite that I bought the management line that Dave and Busters didn’t need revenue growth but could rely on more efficient operations. Then the CEO quits two months later for a better job? Class action attorneys, you can include me on your mailer. Market momentum stalled last week. The 10-year Treasury sold … Read more

‘m working on

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One area, probably the area that has the most insider buying by sheer numbers of companies and officers is the mortgage REIT sector.  Names that I’m watching there are Annaly NLY, Chimera CIM, PennyMac Mortgage Investment Trust PMT, and a few others.  These are all REITS paying outsized distributions with yields of 12-15%.  The conventional wisdom of course is that anything with this high of yield is risky and probably will end up cutting their distribution.  It’s just a matter of when not if. But what if that’s already in the stock?  That’s hard to know.  That’s like predicting stock price direction or for that matter … Read more